NET-RESOURCE TRANSFER AND EXTERNAL DEBTS IN NIGERIA (1980-1996)

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Date
2000-09
Authors
SA'AD, SULEIMAN
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Abstract
The growth of External debt and its consequences (Net resource Transfer) are among the complimentary factors responsible for the present economic crisis in Nigeria. This study was an attempt to study the dynamic interaction between this two complementary factors and their implication to the economic development of Nigeria. To this, both analytical and descriptive statistics were employed in the analysis. The study reviewed that the external debt grew from barely US $ 8.9 billion in 1980 to over US $ 29.019 billion in 1992 as a result of this the net resource transfer remains negative throughout the period except 1982 when positive transfer was witnessed. The factors identified as responsible for poor performance of the economy during the period includes poor macroeconomic policy measures, coupled with external shocks especially oil shocks of early 1980s. Upon this background we recommended that Nigeria should embark on measures that can reduce our over dependence on foreign sources of financing our projects as well as boost our local revenues generation.
Description
M.Sc THESIS SUBMITTED TO THE POSTGRADUATE SCHOOL AHMADU BELLO UNIVERSITY, ZARIA, IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTER OF SCIENCE (ECONOMICS) DEPARTMENT OF ECONOMICS FACULTY OF SOCIAL SCIENCES AHMADU BELLO UNIVERSITY, ZARIA SEPTEMBER, 2000
Keywords
NET-RESOURCE,, TRANSFER,, EXTERNAL,, DEBTS,, NIGERIA
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